Soybeans Seeing Losses at Midday

Soybeans futures are down 2 to 2 1/2 cents in the front months on Thursday. Soybean meal is down $2.60/ton with soy oil 71 points higher. A private export sale of 252,000 MT of soybeans for 19/20 delivery to China was announced by USDA this morning. USDA’s weekly Export Sales report indicated 2.076 MMT in soybean sales for week ending on 9/26, exceeding trade estimates. China purchased 1.558 MMT of that total, their largest weekly purchased since late March. Soy meal sales in the last full week of September totaled 158,276 MT, with a majority for 19/20 as the 18/19 meal MY is nears a close (Sep 30). Bean oil sales were tallied at 2,495 MT for that week.

NOV 19 Soybeans are at $9.11 1/4, down 2 1/2 cents,

JAN 19 Soybeans are at $9.25 1/4, down 2 1/2 cents,

MAR 20 Soybeans are at $9.36, down 2 1/2 cents,

MAY 20 Soybeans are at $9.46, down 2 1/4 cents,

OCT 19 Soybean Meal is at $297.70, down $2.60,

OCT 19 Soybean Oil is at $29.77, up $0.71

-- provided by Brugler Marketing & Management





Market Commentary provided by:

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